Maaden secures $1b in oversubscribed financing as Saudi mining push accelerates
Saudi Arabian Mining Co. (Maaden) has secured USD 1 billion in inaugural international syndicated credit facilities, with strong demand from global lenders highlighting confidence in the company's expansion strategy and Saudi Arabia's broader mining ambitions. Maaden has secured USD 1 billion in...
Vedanta Aluminium veteran Rajiv Kumar joins Jindal Steel as COO
Vedanta Aluminium veteran Rajiv Kumar has been appointed Chief Operating Officer (COO) of Jindal Steel after completing a successful stint as Chief Executive Officer of Vedanta Aluminium. Kumar, who brings more than three decades of experience in the metals and mining industry, will now oversee the...
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Rio Tinto announces record production for bauxite and thermal coal in 2013
Mining company Rio Tinto has had a record year for bauxite and thermal coal production. Rio Tinto chief executive Sam Walsh said “These are excellent fourth quarter operational results, demonstrating continued delivery on our commitments. We have set new records for iron ore production and...
Western Australia's bauxite mines may bring positive results for Abbott govt
‘Mini-mining boom’ – It is what the struggling Australian Government is looking for in the year 2014. When given a choice to them where they would want it to happen, their first choice would be undoubtedly Western Australia. Indonesia has supplied China with about 25% of bauxite and it has resulted...
Vedanta's Lanjigarh refinery hopes to run despite mining ban
On January 8, the proposal for providing the second round of forest clearing for Orissa Mining Corporation (OMC, which has a tie-up with Vedanta Aluminium for supplying Bauxite) was rejected by the environment ministry. OMC had proposed to get the forest cleared for mining ore in Lanjigarh reserve...
Bauxite miners cease operations as Navy intensifies patrols
Bauxite mining contractors and other stakeholders have halted operations in West Kalimantan and Riau Islands, the country’s biggest producers of the ore, as the government effectively banned mineral ore exports on Sunday. Some contractors, however, stopped operating three months ago. Dedy W....
Development of KSA mining sector creates jobs for Saudis
The construction of the Saudi mining sector serves the country and citizens over the long term and contributes to creating thousands of jobs for the people of the Kingdom, especially in the technical jobs, as well as investment opportunities for citizens and international companies, Saudi Minister...
Private mining company asked to provide mining details
The deputy director office of geology and mining on Wednesday issued a notice to Kolhapur firm Swati Minerals to provide the details of mining activities in Udgiri in Shahuwadi taluka. The company has not provided the records and necessary documents of the mining activity despite the office order...
Indonesia's mining ministry looks to ease mineral export ban
Indonesia's mining ministry on Wednesday sought to ease a looming mineral export ban by proposing a regulation that would allow shipments of some mineral ore concentrates to continue until 2017. However, the proposal, which must be approved by President Susilo Bambang Yudhoyono, does not include...
Two other potential bauxite sites identified at Bua
The Mining Company Arum Exploration Limited has identified two other potential bauxite sites in the same province of Nasarawaqa and Wainunu in Bua. This has been revealed as the British High Commissioner Roderick Drummond is on an official trip visiting major projects being carried out in the...
Collector cracks the whip on illegal mining in Maharastra, India
Kolhapur police on Thursday arrested four drivers for allegedly transporting bauxite without proper permits, following a complaint from the district administration about illegal mining in the mineral-rich district. The police said that the owners of the concerned mines will also be grilled if found...
Rally against bauxite mining in Orissa, India
Activists of Gandhamardan Surakhya Yuba Parishad (GSYP), which spearheaded the ‘Oust BALCO’ movement in 1980s, pledged not to allow bauxite mining in Gandhamardan hill range at a public meeting organised to celebrate its 30th annual day on Wednesday. The celebration began in the form of a torch...
Orissa assures Vedanta of leasing laterite deposits for its alumina refinery in Orissa
The Orissa government has assured Vedanta Aluminium of leasing laterite minerals, which will help the company run its 1-million-tonne alumina refinery at Lanjigarh in Orissa’s Kalahandi district. The state government has agreed to lease out laterite deposits in Rayagada and Koraput districts to VAL...
XINFA Bauxite Mining Group invests in community projects in Bua, Fiji
THE XINFA Bauxite Mining Group injected about $1.2million into the Vanua Levu economy last year in the form of workers salaries. Group executive director Sang Lei said they were expecting more this year taking into account the amount of financial help they had been diverting towards...
Brazil Mining Market driven by surging mineral exploration activities
The report 'Brazil Mining Market Outlook to 2017 - driven by Surging Mineral Exploration Activities' provides a comprehensive analysis of the various aspects such as market size, segmentation, trends and developments and future projections of the mining market of Brazil. The mining market of Brazil...
Utkal Alumina observes 'Mines Safety Week'
The need to strictly follow safe mining practices and high standards of hazard-free work environment was emphasised during 31st Odisha Metal-ferrous Mines Safety Week Celebration 2013-14 in Odisha's Rayagada district. Held under the aegis of DGMS (Directorate General of Mining Survey) - Bhubaneswar...
Glencore Develops Mineral Processing and Refining Plants in Indonesia
Glencore Xstrata Plc (GLEN), multinational company engaged in mining, oil and gas and commodity trade sector, will construct mineral processing and refining plants in Indonesia, if the government realizes mineral export ban next year. MS Hidayat, the Minister of Industry, said Glencore is...
Indonesia re-examines mineral processing requirements
Indonesia's government is re-examining provisions in a mining law that would ban exports of unprocessed metal ores from next year, chief economic minister Hatta Rajasa said on Thursday, asserting that the law must not be breached. A furious debate has erupted over the scheduled export ban, an issue...
Mine produces 700,000 tonnes of bauxite
More than 900,000 tonnes of dry metric tonnes of bauxite was extracted by the XINFA Bauxite Mining company in Nawailevu, Bua this year. Group executive director Sang Lei said the portion of bauxite produced more than 700,000 tonnes of bauxite. Mr Lei said since they begun operations on June last...
Australian bauxite miners are pinning their hopes on a new market in China
Australian bauxite miners are pinning their hopes on a turnaround in the struggling industry, with a new market likely to open up in China. Indonesia has long satisfied China’s growing hunger for bauxite to feed its aluminium smelters, which has prevented Australian companies from entering the...
